Reuters US Business

(Reuters) – Datadog forecast 2025 revenue and profit below Wall Street expectations on Thursday, hurt by sluggish customer spending on its cloud security services as enterprises cut budgets owing to economic uncertainty. Shares of the New York-based company fell 10% in premarket trading. Tough competition and high interest rates have weakened demand for Datadog’s data …

Datadog sees annual revenue, profit below estimates as enterprise spending lags Read More »

(Reuters) – Apptronik said on Thursday it has raised $350 million in a funding round led by B Capital and Capital Factory, with participation from Alphabet’s Google, to scale production of AI-powered humanoid robots. The Austin, Texas-based company is developing Apollo, a human-like or humanoid robots whose tasks will include working in warehouses and manufacturing …

Apptronik raises $350 million to scale production of humanoid robots Read More »

(Reuters) – GE HealthCare Technologies on Thursday forecast annual profit above Wall Street estimates, counting on strong demand for its medical devices in markets such as the U.S. to offset weakness in China. Manufacturers of medical devices have been benefiting from elevated demand for elective surgical procedures in the United States, especially among older adults. …

GE HealthCare forecasts upbeat 2025 profit on steady medical device demand Read More »

(Reuters) – PG&E Corp on Thursday raised its adjusted core earnings forecast for 2025, as the power company benefits from lower operating expenses and higher electricity rates. Last month, the California Public Utilities Commission approved another request from the company to raise electricity prices after a series of similar hike approvals last year. The utility …

PG&E raises 2025 core earnings forecast on higher electricity rates Read More »

(Reuters) – PBF Energy posted a third consecutive quarterly loss on Thursday, as the U.S. refiner took a hit from a decline in margins. The Parsippany, New Jersey-based refiner said fourth-quarter loss attributable to the company was $289.3 million, or $2.54 per share, bigger than its loss of $48.4 million, or $0.40 per share, a …

PBF Energy posts third consecutive quarterly loss on falling margins Read More »

(Reuters) – Karman Holdings and some of its existing shareholders raised $506 million in an upsized New York initial public offering, fetching a valuation of nearly $3 billion for the defense and space systems maker. They sold 23 million shares on Wednesday at $22 apiece, above the marketed range of $18 to $20, the Huntington …

Trive Capital-backed Karman, shareholders raise $506 million in upsized IPO Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan Talks to end the Ukraine war have partly cut across the hot U.S. inflation report for world markets, reining in both oil prices and capping aggravated U.S. borrowing rates – while also lifting the euro and European shares. Long-flagged by U.S. …

Morning Bid: Peace and prices – inflation vies with Ukraine talks Read More »